Get your daily market preview on projected stock updates, monetary policy decisions, and key results in statistics that may impact your trading.

Schwab Market Update is an original podcast from Charles Schwab. Listen today at Schwab.com slash market update podcast or wherever you get your podcasts.

Bloomberg Audio Studios. Podcasts, Radio News.

Single bust idea. What a week it's been. It was a holiday length in work week. It felt like eight days a week trying to get through the news flow.

Thank you particularly to our Washington team who basically are going 24-7 covering the first days.

I feel like it's weeks, but okay, we're four weeks into to the second Trump administration, and I just want

a major shout out to everybody, Margaret Noon and everybody down in Washington, for all that

they've done. And, of course, they'll tirelessly be through the weekend. We'll have the German

elections on Sunday. Maybe it's off the U.S. podcast radar. It should not be. It's

actually a big deal. Obviously, depending how it turns out. We'll have coverage for that

Monday morning. What a joy today to speak to Robert Kaplan, Vice Chairman of Goldman Sachs.

Of course, always and forever with his Dallas Fed. We talked to him, of course, about Jerome Powell, Donald Trump, and Fed independence.

The president can jawbone and pressure, and that's not new, may be more intense right now.

And the Fed will do its job and should to try to extent they can't ignore that,

make decisions.

The biggest threat to the Fed I actually think sometimes is not from outside.

Then you have to be careful as a governor or a president.

Don't try to say things publicly that you think might go over better or worry about the

pressure. Just do what you think is right. And as long as they manage themselves, I think they'll

through this in an independent way. Robert Kaplan of Goldman Sachs and, of course, formerly with the

Federal Reserve Bank of Dallas.

What a joy.

...